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In today's podcast, we're inspired to look back at a speech Reagan delivered in 1987 at the Annual Meeting of the Boards of Governors of the International Monetary Fund and World Bank Group. "Why," you ask? Well due to the recent bank failures of Silvergate Bank, Silicon Valley Bank and Signature Bank , we thought our listeners would like a closer look. Everyone wants to blame Reagan. Economist Paul Krugman in 2009 claimed that “Reagan Did It.” Yes, he wrote that “the prime villains behind the mess we're in were Reagan and his circle of advisers.” This is perverse thinking by shifting blame from the obvious villains closer at hand. It is disingenuous to ignore the fact that the derivatives scams at the heart of the economic meltdown didn't exist in President Reagan's time. The huge expansion in collateralized mortgage and other debt, the bubble that burst, was the direct result of enabling deregulatory legislation pushed through during the Clinton years. Back in the 1982, 41 years ago, Ronald Reagan's signing off on legislation easing mortgage requirements pales in comparison to the damage wrought fifteen years later by a cabal of powerful Democrats and Republicans who enabled the wave of newfangled financial gimmicks that resulted in the economic collapse. Reagan didn't do it, but Clinton-era Treasury Secretaries Robert Rubin and Lawrence Summers, did. They, along with then-Fed Chairman Alan Greenspan and Republican congressional leaders James Leach and Phil Gramm, blocked any effective regulation of the over-the-counter derivatives that turned into the toxic assets now being paid for with tax dollars. Ok that was one financial crisis…and as another one looms, let's listen to the President in 1987, who talks about the basics like good management.
Today's Flash Back Friday comes from Episode 1081, originally published in November 2018. Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front. Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power. Key Takeaways: [3:40] Alan Greenspan's new article highlights some of his concerns about our economy [7:19] The graying of America [9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors? [14:17] What concerns Jason about short-term rentals Scott Shay Interview: [20:45] There's a degradation of ethics and character today [25:26] How do we fix our current idolatry of money and power? [30:00] How Adam Smith and Chapter 19 of Leviticus are similar Website: www.InGoodFaith.com
Daniel Enskat has written over a dozen books on the global asset management industry and has lectured at universities around the world alongside speakers such as Secretary of State John Kerry, Dr. Mark Mobius, ex-Fed Chairman Alan Greenspan, Professor KC Chan and former Prime Minister Gerhard Schroeder. After a stint as a Consultant for the World Bank, he co-founded Warren Enskat as Managing Partner, AI Research and Analytics. Daniel also serves as the CEO of the Compliance Strategy Institute, a global think tank focused on compliance, risk, legal and tech topics in investment management. Women in Compliance is a key initiative of the institute. He works for various industry boards, task forces and cultural organizations ranging from the Center for European Policy Studies, the Latino Commission on AIDS, Alvin Ailey and Peridance Contemporary Dance Company. Daniel speaks seven languages, was a professional tennis player and ballroom dancer, and runs movements gyms in the US and Latin America, integrating physical fitness and artificial intelligence into new concepts of holistic movement. Featured Guest/People Mentioned: Daniel Enskat (@danielmvmt) https://assetmanagementai.com/ https://thecompliancestrategyinstitute.com/author/daniel-enskat/ http://www.bailasociety.tv/public/152.cfm https://warrenenskat.com/ Like this show? Please leave a review here - even one sentence helps! Consider including your Twitter or Instagram handle so I can thank you personally! Also, you can also find me at: YouTube (https://www.youtube.com/channel/UCMi5wUXA5Y8Mh-9YoAUVRPQ?view_as=subscriber) Instagram (@daniellim_me) Twitter (@daniellim_me) Email (dlim@daniellim.me)
Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor. Key Takeaways: [3:34] The 10/1 ratio for the S&P and mortgage rates [10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be [15:29] Money goes where it's treated best [16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year [19:12] Zillow's venture into the home buying/selling marketplace [22:41] Institutional investors will take a lower return than a single individual [25:31] Warren Buffett's giant problem Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events
Jason Hartman and Adam take today's show to look at several articles about today's economy and housing market. The first one is about former Fed Chairman Alan Greenspan's thoughts on the economic state of our country in regards to the growing entitlement culture in America. The other article is about Zillow's foray into the home buying/selling world. Adam and Jason break down how each of these things will impact the average real estate investor. Key Takeaways: [3:34] The 10/1 ratio for the S&P and mortgage rates [10:13] The possibility of investing in assisted living centers isn't as appealing as some make it out to be [15:29] Money goes where it's treated best [16:32] How Greenspan's comments correlate with what the current Fed has said about interest rate hikes this year [19:12] Zillow's venture into the home buying/selling marketplace [22:41] Institutional investors will take a lower return than a single individual [25:31] Warren Buffett's giant problem Website: www.JasonHartman.com/Properties www.JasonHartman.com/Events
It's been a rough Tuesday for the Trump administration: first, the White House signaled that it's ready to cave on President Trump's threat to shut down the government if he doesn't get funding for his border wall. Then the President's family foundation was forced to dissolve under a cloud of what investigators called "persistently illegal conduct." While this is all happening, the Trump administration changes the rules, banning so-called bump stocks--devices that that can turn a semi-automatic weapon into a machine gun type of weapon. And gun enthusiasts are now angry with the Trump White House and say they will sue. We will go In Depth on it all. And, with the Dow Jones on course for the worst December since 1931, former Fed Chairman Alan Greenspan is warning investors to "run for cover." All of the posturing and protesting done by former Trump national security advisor Mike Flynn about him being unfairly interviewed or entrapped by the FBI when he lied to agents.........yeah, that all faded away today in a very interesting sentencing hearing.....one with a surprise ending. The director of California's troubled DMV is resigning.....will state lawmakers seize this opportunity to enact some aggressive reforms and hopefully make your next DMV experience a little less painful? And if you're traveling for the holidays at any point over the next three weeks, we're being told you MAY have less misery than last year. Then again, maybe not. See omnystudio.com/policies/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices
This week's episode of Free Exchange is a recording of the most recent CapX Live event: a conversation with Adrian Wooldridge, the political editor of the Economist, where he also writes the Bagehot column on British politics. Adrian came to CapX HQ to talk about his new book. He and former Fed Chairman Alan Greenspan have recently published Capitalism in America, a brilliant economic history of the United States.In explaining America's unlikely rise -- one of the greatest success stories in human history -- Greenspan and Wooldridge make the case for popular capitalism. In doing so, they use the past to explain how America can rediscover its dynamism and make the most of the future. See acast.com/privacy for privacy and opt-out information.
Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front. Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power. Key Takeaways: [3:40] Alan Greenspan's new article highlights some of his concerns about our economy [7:19] The graying of America [9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors? [14:17] What concerns Jason about short-term rentals Scott Shay, Part 2 [20:45] There's a degradation of ethics and character today [25:26] How do we fix our current idolatry of money and power? [30:00] How Adam Smith and Chapter 19 of Leviticus are similar Website: www.JasonHartman.com/Contest www.InGoodFaith.com
Lowy Institute Nonresident Fellow Stephen Grenville speaks with Sebastian Mallaby, a Senior Fellow at the Council on Foreign Relations, about how US President Donald Trump might interact with the US Federal Reserve, what lessons the Reserve Bank of Australia might draw from the US, and the impact of former Fed Chairman Alan Greenspan.
With a focus on the bizarre dialect of former Fed Chairman Alan Greenspan, I discuss the fourth form of doublespeak: Gobbledygook and Bureaucratese. Defining attributes of doublespeak: -misleads -distorts reality -pretends to communicate -avoids or shifts responsibility -makes the negative appear positive -creates a false verbal map of the world -limits, conceals, corrupts, and prevents thought -makes the unpleasant appear attractive or tolerable -creates incongruity between reality and what is said or not said (William Lutz, Doublespeak) Look Closer: The Doublespeak Dictionary by Leslie Starr O’Hara http://www.thedoublespeakdictionary.com/ Doublespeak: From Revenue Enhancement to Terminal Living : How Government, Business, Advertisers, and Others Use Language to Deceive You, by William Lutz http://www.goodreads.com/book/show/2151216.Doublespeak Greenspan describes Greenspeak, Fedspeak http://www.youtube.com/watch?v=g1ldr1vvz0w Print More Money! according to Alan Greenspan http://www.youtube.com/watch?v=iCWw8tQW15g&NR=1 The Magic of Pronouns: Tips For Aspiring Politicians/Criminals (...and Ron Paul) http://www.youtube.com/watch?v=QY2XuNyq9jw
Fellow Investor, As the Chief Investment Strategist for an investment research firm, I’m frequently asked two questions about gold: 1) Can gold really keep going up in price?2) What’s the best way to invest in gold today? As to the first question, I’d like to remind you that gold is money. It’s been used as money for thousands of years and not for reasons of tradition, vanity, superstition or even policy - but simply because it exhibits the unique qualities that mankind seeks in money as a medium of exchange and store of value. To quote former Fed Chairman Alan Greenspan, gold is “durable, portable, homogeneous, divisible...” and so it makes an excellent store of value. Even Mr. Greenspan knows that gold is money! This notion might be foreign to most people today - but gold is particularly good as a medium of exchange and store of value, in much the same way that aluminum is particularly good as a building material for aircraft, or cattle are particularly suited for eating. So whenever someone asks me, “can gold keep going up in price” the answer is yes, as long as it’s priced in currencies that have no relationship with tangible assets in the real world. Today, the world’s governments are engaging in a suicide-pact of debt policy. There’s literally no problem that they think can be solved without large influxes of fiat currency. Debt is their policy, and they’re resolute in their belief that it will eventually “work” to fix any number of real problems in the world. They believe in this policy so fervently that they’re willing to devalue their currencies—relative to one another and to gold—to no end. So yes, gold will rise for the simple reason that it’s priced in an abstract commodity known as “currency” that has no basis in reality. Given this inevitability, and the propensity of stocks related to gold to multiply gains made in gold’s price, it’s vital to give your investment portfolio exposure to relevant securities. Read the analysis in this PDF very carefully. The three investments that I’ve selected offer a wellrounded strategy for taking advantage of gold’s continued climb. Good investing, Ian WyattChief Investment StrategistWyatt Investment Research
Investment Strategies, Analysis & Intelligence for Seasoned Investors.
Fellow Investor, As the Chief Investment Strategist for an investment research firm, I’m frequently asked two questions about gold: 1) Can gold really keep going up in price?2) What’s the best way to invest in gold today? As to the first question, I’d like to remind you that gold is money. It’s been used as money for thousands of years and not for reasons of tradition, vanity, superstition or even policy - but simply because it exhibits the unique qualities that mankind seeks in money as a medium of exchange and store of value. To quote former Fed Chairman Alan Greenspan, gold is “durable, portable, homogeneous, divisible...” and so it makes an excellent store of value. Even Mr. Greenspan knows that gold is money! This notion might be foreign to most people today - but gold is particularly good as a medium of exchange and store of value, in much the same way that aluminum is particularly good as a building material for aircraft, or cattle are particularly suited for eating. So whenever someone asks me, “can gold keep going up in price” the answer is yes, as long as it’s priced in currencies that have no relationship with tangible assets in the real world. Today, the world’s governments are engaging in a suicide-pact of debt policy. There’s literally no problem that they think can be solved without large influxes of fiat currency. Debt is their policy, and they’re resolute in their belief that it will eventually “work” to fix any number of real problems in the world. They believe in this policy so fervently that they’re willing to devalue their currencies—relative to one another and to gold—to no end. So yes, gold will rise for the simple reason that it’s priced in an abstract commodity known as “currency” that has no basis in reality. Given this inevitability, and the propensity of stocks related to gold to multiply gains made in gold’s price, it’s vital to give your investment portfolio exposure to relevant securities. Read the analysis in this PDF very carefully. The three investments that I’ve selected offer a wellrounded strategy for taking advantage of gold’s continued climb. Good investing, Ian WyattChief Investment StrategistWyatt Investment Research
When gold was below $500/oz. Fed Chairman Alan Greenspan twice said, “Central banks stand ready to lease gold, should the price begin to rise.” That became known as the “Greenspan call.” Greenspan was essentially telling the world that governments would suppress the price of gold and as evidenced by the brilliant work of GATA (www.Gata.org) the Fed did suppress the price of gold for quite a few years and is still capping it. However, now with the price of gold over $1,000 the world is becoming increasingly disturbed by a dollar of which endless amounts are being created out of thin air. Special guest Trace Mayer will explain how, with growing credit problems only temporarily suppressed, “Greenspan's call” is becoming “Beijing's put.” Trace will give us a gold price projection or two and he will also provides some advice on how you can best protect yourself against what he thinks will be an extremely difficult economic environment going forward.
With more than $16 trillion in negative yielding debt around the world, former 1980s Fed Chairman Alan Greenspan is warning that U.S. rates may follow the trend. Today's Stocks & Topics: Index Funds vs. ETFs, Interest Predictions, Money Talk, Retail Credit Cards, MDP - Meredith Corp., GDX - VanEck Vectors Gold Miners ETF, 2-year treasury yield was at 1.54%, 10-year treasury yield was at 1.56%, Gold: $1,546 per ounce, Oil: $56.80 per barrel, 30-year FIXED mortgage rate: 3.49%, SHOP - Shopify Inc. Cl A, Negative Yield, AAPL - Apple Inc., SQ - Square Inc. Cl A.Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations